The reorganization plan Gemplus is running. Ironed in the green in 2004 after three years in deficit, the French maker of smart cards has significantly improved its results last year. In the course of rapprochement with his counterpart Axalto to create the global leader Gemalto, Gemplus has increased twentyfold in net income, to nearly 90 million euros. Superior performance expectations, driven in part by a deferred tax credit $ 25.6 million over the past three months. Otherwise, the figures published were without major surprises. .

Finally, the operating result was multiplied by 2.5 (to 66.8 million euros) and sales rose 8.5% (+3.6% organic growth). Gemplus, which has achieved two-thirds of its revenues in mobile telephony, has benefited from growth in the global market. Its sales of SIM cards rose 34% in volume over the year. But with an average selling price falling 20% growth in value was limited to 7.5%.

In the financial area, the deployment of EMV banking cards Gemplus has improved its sales by 11% last year. But in security and identity that is the strongest growth, as sales have doubled with the acquisition of the specialist Finnish Setec ePassports. And display an unwavering optimism for 2006.

It has also been very confident about the proposed combination with Axalto. Gemplus expects a green light from authorities to the summer.

The two main shareholders, the investment fund TPG (25.3% stake) and the Quandt family (18.3%) have already agreed to tender their shares to the offer.

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